Vækstaktier.

Forstå vækstaktier.

Når vi taler om vækstaktier, så taler vi om børsnoterede virksomheder, som forventes at skabe en indtjening i fremtiden men måske ikke har det i øjeblikket. Vækstaktier kan forekomme i enhver sektor eller branche og handles typisk til en høj P/E.

Vækstaktier deler ofte et par fælles træk. F.eks. har vækstvirksomheder en tendens til at have unikke produktlinjer. De har måske patenter eller adgang til teknologier, der sætter dem foran andre virksomheder i deres branche. For at ligge foran konkurrenterne geninvesterer de overskuddet, så de kan udvikle endnu nyere teknologier og patenter - en måde at sikre vækst på længere sigt.

Vidste du at

  • Vækstaktier er de firmaer, der forventes at øge salget og indtjeningen i hurtigere grad end markedsgennemsnittet
  • Vækstaktier ser ofte dyre ud med en høj P/E, men prisen kan faktisk være billig, hvis virksomheden fortsætter med at vokse hurtigt og dermed driver prisen på aktien op.
  • Det modsatte af vækst aktier er valueaktier

C WorldWide om nogle af fremtidens aktievindere.

C WorldWide er en investeringsforening, som står for langsigtede og modstandsdygtige investeringer. Hør Jonas Gaarde Rasmussen fortælle om, hvordan de i C WorldWide tackler markedet og investerer med et langsigtet perspektiv:

"Verden er blevet mere og mere kortsigtet. Dette giver mulighed for de investorer, der kan se igennem kortsigtet støj og fokusere på de langsigtede vindere. De bedste investeringer er selskaber, der vokser sig større over tid. Vi prioriterer holdbar langsigtet vækst fremfor høj, kortsigtet vækst. Vi fokuserer på forretningsmodellen og indtjeningspotentialet over så lange perioder, at det øger sandsynligheden for at finde fremtidens vindere. I grunden er det vores opfattelse, at der kun findes få unikke selskaber, som man kan investere i på langt sigt og derigennem skabe attraktive afkast."

Sådan måler du indtjening.

Her kan du læse mere om forskellige metoder til at måle indtjeningen, inden du investerer.

Price Earnings
Price/Earning-værdien (P/E) angiver forholdet mellem kursen på en aktie og selskabets overskud. P/E-værdien for en aktie beregnes ved at dividere aktiekursen med overskuddet per aktie. P/E er en af de mest almindelige metoder til at vurdere, om en aktie er dyr eller billig. Det er også en enkel måde at sammenligne selskaber, f.eks. inden for samme branche.

En lav P/E-værdi indebærer en lav vurdering, mens en høj P/E-værdi er lig med en høj vurdering. En P/E-værdi på f.eks. 15 betyder, at du skal betale 15 kr. for hver 1 krone, der er overskud i selskabet.

  • P (Price) er seneste handelsdags lukkekurs.
  • E (Earning) defineres som løbende kvartalsvise overskud for de seneste fire kvartaler. Hvis disse oplysninger mangler, anvendes seneste offentliggjorte overskud for helåret.

Dividend Yield – definition:
Dividend Yield betegner selskabets aktuelle eller ventede udbytte per aktie som procent af aktiekursen.

Earnings per Share
Earnings per Share (EPS) sætter et selskabs indtjening (indtægter minus omkostninger) i forhold til det samlede antal af aktier. I virkeligheden måler dette nøgletal altså den indtjening, som et selskab har genereret for hver aktie, der er i selskabet.

Hvis EPS er et positivt tal, betyder det, at virksomheden tjener penge - altså har overskud i det seneste regnskab. Hvis EPS er nul eller er negativt, så tjener selskabet ingen penge. Hvis Earnings per Share er negativ, kan man ikke beregne nøgletallet P/E (Price/Earning), som angiver prisen i forhold til indtægterne.

Svagheder ved EPS

  • EPS kan dog også være misvisende, da det ikke tager højde for, hvilket kapitalgrundlag et selskab har haft til at genere sin profit.
  • EPS kan være den samme for to selskaber, men det ene selskab har brugt færre midler til at genere overskuddet og er derfor alt andet lige mere profitabelt.
  • EPS kan også være misvisende, da et selskab i perioder kan have engangsudgifter eller indtægter, der påvirker selskabets overskud i de enkelte perioder. Engangsindtægter som salg af bygninger kan øge EPS for den periode, det bliver solgt, men det siger meget lidt om selskabets egenskab til at genere profit.

Aktier.

Her finder du eksempler på aktier, du kan investere i, hvis du vil eksponere dig mod vækstaktier. Værdipapirerne i oversigterne er ikke ment som investeringsanbefalinger men en generel oversigt over nogle af de muligheder, der findes.

Der er udvalgt børsnoterede selskaber, som kan handles gennem Nordnet.


Aktie

Kommentar

Anthem Inc

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Anthem is one of the largest private health insurance organizations nationwide, providing medical benefits to roughly 42 million medical members. The company offers employer, individual, and government-sponsored coverage plans. Anthem differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012, Anthem's reach expands beyond those states through government-sponsored programs such as Medicaid.

Netcompany Group A/S

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Netcompany Group A/S er en informationsteknologi virksomhed. Virksomheden beskæftiger sig med levering af forretningskritiske IT-løsninger til store kunder i den offentlige og private sektor og støtte dem i deres digitale transformation. De er tilstedeværende i Danmark, Norge og England, hvor Danmark skaber den største andel af indtægterne for virksomheden.

Visa Inc.

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Visa is the largest payment processor in the world. In fiscal 2019, it processed almost $9 trillion in purchase transactions. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

Alphabet Inc.

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Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99 % of Alphabet revenue, of which more than 85 % is from online ads. Google’s other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart homes products, which include Nest and Google Home, also contribute to other revenue. Alphabet’s moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster Internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet’s operating margin has been 25 % - 30 %, with Google at 30 % and other bets operating at a loss.

IAC/InterActiveCorp

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IAC is an Internet media company with segments that include Match Group (43 % of total revenue), ANGI Homeservices (28 % of total revenue), Vimeo (4% of total revenue), Dotdash (4 % of total revenue), applications (11 % of total revenue), and emerging and other (10 % of total revenue).

SAP SE

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SAP is a global software vendor providing solutions for enterprise resource planning, database management, business intelligence, and vertical-specific software. Its flagship software products run on SAP’s HANA database technology. In fiscal 2017, the company generated roughly 44 % of revenue from Europe, the Middle East, and Africa, 40 % from the Americas, and 16 % from Asia.

Tractor supply company

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Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 1,863 stores in 49 states, and 180 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. Through the end of 2019, revenue consisted primarily of livestock and pet (47 %), hardware, tools, and truck (21 %), and seasonal gift and toy (20 %).

Amazon

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Amazon is among the world's highest-grossing online retailers, with $281 billion in net sales and roughly $365 billion in estimated physical/digital gross merchandise volume (GMV) in 2019. Online product and digital media sales accounted for 50 % of net revenue in 2019, followed by commissions, related fulfillment and shipping fees, and other third-party seller services (19 %), Amazon Web Services' cloud computing, storage, database, and other offerings (13 %), Prime membership fees and other subscription-based services (7 %), product sales at Whole Foods and other physical store retail formats (6 %), and advertising services and cobranded credit cards (5%). International segments constituted 27 % of Amazon's non-AWS sales in 2019, led by Germany, the United Kingdom, and Japan.

Fiverr International

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Fiverr International Ltd is involved in buying and selling digital services in the same fashion as physical goods on an e-commerce platform. It is set out to design a digital marketplace that is built with a comprehensive SKU-like services catalog and a search, finds, and order process that mirrors a typical e-commerce transaction. The service offerings of the company include Graphics and Design, Digital Marketing, Wiring and Translation, and Video and Animation among others.

Teradyne, Inc

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Teradyne Inc designs, develops and manufactures automatic test systems for use in semiconductors, wireless products, data storage, and electronic systems in the wireless, automotive, industrial, communications, aerospace, and defense industries. The company operates in four business segments organized by end market: semiconductor test, system test, wireless test, and industrial automation. Teradyne tests help improve and control product quality, measure performance, and increase yields. The firm generates revenue primarily in Taiwan, China, the United States, Japan, and South Korea, but has a presence in countries across the world.

Microsoft

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Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three overarching segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops). Through acquisitions, Microsoft owns Xamarin, LinkedIn, and GitHub. It reports revenue in product and service and other revenue on its income statement.

Activision Blizaard

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Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.

NVIDIA Corporation

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Nvidia is a leading designer of graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's graphics processing units.

Beyond Meat

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Beyond Meat is a provider of plant-based "meats," such as burgers (64 % of 2019 sales), sausage (23 %), ground beef (13 %), and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores, and is sold in the meat case. The products are widely available across the U.S. and Canada and in 63 additional countries as well. International (outside of the U.S. and Canada) revenue represented 16 % of 2019 sales. The firm’s products are available in retail stores and the food-service channel (on college campuses, and restaurants such as Carl’s Jr., Subway, Dunkin’ Donuts, A&W Canada, TGI Fridays, and Del Taco, with test markets for burgers at select McDonald’s and Hardee’s locations, and for boneless fried chicken at KFC).


Investeringsforeninger


Investeringsforening

Investeringsmålsætning


ÅOP

Maj Invest Vækst Aktier

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Maj Invest Vækstaktier investerer i selskaber, der vokser hurtigere end markedet generelt. Afdelingen investerer globalt i en fokuseret portefølje på 30-40 aktier på tværs af geografi og sektorer. Der investeres ikke i selskaber med hovedforretningsområder indenfor udvinding eller forbrænding af fossile brændsler, tobak eller gambling. Porteføljen vil typisk have en højere andel af selskaber inden for teknologi, varigt forbrug, sundhedspleje og industri end sammenligningsindekset. Porteføljens aktier forventes i gennemsnit at handle på højere indtjeningsmultipler end det generelle marked. Der må forventes større udsving end i traditionelle globale aktieafdelinger.


1,54 %


ETF'er


ETF

Investeringsmålsætning

ISIN

Lb. omkost.


Lyxor MSCI EMU Growth

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The Lyxor MSCI EMU Growth (DR) UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index MSCI EMU Growth Net Total Return. The MSCI Global Value and Growth Indices cover the full range of developed, emerging and All Country MSCI International Equity Indices across all size segmentations. MSCI uses a two dimensional framework for style segmentation in which value and growth securities are categorized using a multi-factor approach, which uses three variables to define the value investment style characteristics and five variables to define the growth investment style characteristics including forward looking variables. Lyxor ETFs are efficient investment vehicles listed on exchange that offer transparent, liquid and low-cost exposure to the underlying benchmark index.

LU1598688189

0,40 %


iShares Euro Total Market Growth Large

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The fund is an exchange traded fund (ETF) that aims to track the performance of the EURO STOXX Total Market Growth Large Index as closely as possible. The ETF invests in physical index securities. The EURO STOXX Total Market Growth Large Index offers exposure to large cap Euro zone growth stocks, determined by the following six factors: Projected price/earnings (P/E) ratio, projected earnings growth, trailing P/E ratio, trailing earnings growth, price/book (P/B) ratio, and dividend yield. It is a sub index of the STOXX Total Market Index (TMI). iShares ETFs are funds managed by BlackRock. They are transparent, cost-efficient, liquid vehicles that trade on stock exchanges like normal securities. iShares ETFs offer flexible and easy access to a wide range of markets and asset classes

IE00B0M62V02

0,40 %


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